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World faces oil surplus in 2025 on weak demand, IEA says By Robert Harvey November 14, 20243:22 AM PSTUpdated November 14, 2024 ...
The mismatch in global supply and demand will make for a 300,000 barrels per day surplus this year, which will more than double to 800,000 barrels per day in 2026, the agency says.
The Group, which has just gathered in Lisbon for its latest twice-yearly meet, is expecting a hefty supply surplus of almost 500,000 metric tons over the course of 2025 and 2026 as global demand ...
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